Technical Snapshots for these Biotech Stocks -- Gilead Sciences, Biogen, bluebird bio, and BioMarin Pharma
25 Aug, 2017, 06:00 ET
NEW YORK, August 25, 2017 /PRNewswire/ --
If you want a Stock Review on GILD, BIIB, BLUE, or BMRN then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com covers the Biotech industry, which focuses on novel drug development and clinical research aimed at treating diseases and medical conditions. Companies in this space are almost always unprofitable, and many have no real revenue at all. Equities to be assessed this morning are: Gilead Sciences Inc. (NASDAQ: GILD), Biogen Inc. (NASDAQ: BIIB), bluebird bio Inc. (NASDAQ: BLUE), and BioMarin Pharmaceutical Inc. (NASDAQ: BMRN). Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:
Shares in Foster City, California headquartered Gilead Sciences Inc. rose 0.38%, ending Thursday's trading session at $74.02. The stock recorded a trading volume of 4.91 million shares. The Company's shares have gained 14.65% over the last three months and 3.37% on an YTD basis. The stock is trading 3.43% and 5.24% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Gilead Sciences, which discovers, develops, and commercializes medicines in the areas of unmet medical needs in Europe, North America, Asia, South America, Africa, Australia, India, and Middle-East, have a Relative Strength Index (RSI) of 56.62.
On July 26th, 2017, Gilead Sciences announced that its Board of Directors has declared a cash dividend of $0.52 per share of common stock for the third quarter of 2017. The dividend is payable on September 28th, 2017, to stockholders of record at the close of business on September 15th, 2017. Future dividends will be subject to Board's approval. Visit us today and access your complete report on GILD for free at:
Cambridge, Massachusetts headquartered Biogen Inc.'s stock climbed 0.99%, closing the day at $285.45 with a total trading volume of 792,419 shares. The Company's shares have advanced 12.84% in the previous three months and 9.28% since the start of this year. The stock is trading 2.06% and 4.46% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Biogen, which discovers, develops, manufactures, and delivers therapies for the treatment of neurological and autoimmune diseases worldwide, have an RSI of 51.41.
On July 26th, 2017, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On July 31st, 2017, Biogen announced the appointment of Anabella Villalobos, Ph.D. as Senior Vice President, Biotherapeutic & Medicinal Sciences (BTMS). Dr. Villalobos will lead the Company's BTMS organization in the delivery of high-quality, differentiated molecules to the clinic. She will report to Michael Ehlers, M.D., Ph.D., Executive Vice President, Head of R&D. The complimentary research report on BIIB can be accessed at:
On Thursday, shares in Cambridge, Massachusetts headquartered bluebird bio Inc. recorded a trading volume of 377,739 shares. The stock ended the day 2.87% higher at $98.60. The Company's shares have surged 23.56% in the previous three months and 59.81% on an YTD basis. The stock is trading above its 200-day moving average by 17.83%. Furthermore, shares of bluebird bio, which focuses on developing transformative gene therapies for severe genetic diseases and cancer, have an RSI of 53.56.
On August 02nd, 2017, bluebird bio reported financial results for Q2 ended June 30th, 2017. For Q2 2017, total revenue was $16.7 million; R&D expenses were $64.3 million; G&A expenses were $21.2 million; and net loss was $70.9 million. Cash, cash equivalents, and marketable securities as of June 30th, 2017, were $1.2 billion.
On August 17th, 2017, research firm Evercore ISI initiated an 'In-line' rating on the Company's stock, with a target price of $102 per share. Register for free on DailyStockTracker.com and download the research report on BLUE at:
San Rafael, California headquartered BioMarin Pharmaceutical Inc.'s stock gained 1.29%, finishing yesterday's session at $82.45 with a total trading volume of 775,193 shares. The Company's shares are trading below their 50-day moving average by 6.74%. Shares of the Company, which develops and commercializes pharmaceuticals for serious diseases and medical conditions in the US, Europe, Latin America, and internationally, have an RSI of 40.45.
On August 17th, 2017, research firm Evercore ISI initiated an 'Outperform' rating on the Company's stock, with a target price of $100 per share.
On August 21st, 2017, BioMarin Pharma announced that it has been ranked 12th on Forbes' 2017 list of the "World's Most Innovative Companies." This is the fourth consecutive year that the Company has received the recognition, acknowledging its commitment to making an impact in the lives of small patient populations. The two previous years, the Company was ranked 10th, and in 2014, it ranked 7th. Get free access to your research report on BMRN at:
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